1st Group Ltd. (AU:VFX) has released an update.
Visionflex Group Limited projects a significant revenue increase to $8.1 million for FY24, a 25% rise, with its Visionflex business division expected to contribute $7.0 million, marking a 177% increase from the previous year. The company anticipates a reduced underlying EBITDA loss of $0.9 million, down from $4.2 million in FY23, due to strategic restructures and operational improvements. Looking ahead, Visionflex sets its sights on an EBITDA positive FY25, driven by growing enterprise sales and a larger proportion of annual recurring revenue.
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